Diversify Advisory Services LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Diversify Advisory Services LLC purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 46,472 shares of the entertainment giant’s stock, valued at approximately $5,648,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. Planned Solutions Inc. bought a new position in Walt Disney in the 4th quarter valued at $26,000. Gold Investment Management Ltd. purchased a new position in Walt Disney during the fourth quarter worth about $28,000. Fortis Group Advisors LLC bought a new position in Walt Disney in the 3rd quarter worth about $30,000. Stone House Investment Management LLC raised its holdings in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Finally, Partnership Wealth Management LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $33,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI lowered their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Loop Capital upped their target price on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Rosenblatt Securities increased their target price on Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Barclays dropped their price target on Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Finally, Argus increased their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Trading Down 0.6 %

Shares of Walt Disney stock traded down $0.62 during midday trading on Friday, reaching $97.99. 7,630,695 shares of the company’s stock traded hands, compared to its average volume of 11,451,454. The stock has a 50 day moving average of $103.58 and a 200-day moving average of $104.72. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a market cap of $178.64 billion, a PE ratio of 106.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period last year, the company posted $0.93 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that The Walt Disney Company will post 4.75 EPS for the current fiscal year.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.